My chart overlays got deleted, so I decided to start from scratch, which wasn't bad at all after all, since many charts were pretty chaotic (from what others have commented :-)).
Since the big picture is easily overlooked when we look at the smaller timeframes (tunnelvision), it's important to see the overall trend since start to now from time to time to not get...
There is a resistance ledge that seems to be failing on the weekly time frame of the US30.
Why do I think it's failing? I see three candle wicks in the ledge, which informs me that there is serious bear pressure in what is a bear market (at this time). Am I saying it is going to fail and go south? No - I'm not saying that.
What I am saying is that the greater...
Short term GU is fulfilling a bullish move but in the grand scheme of things there is a liquidity gap to fill and so I expect a turn around when price completes it's retracement to the daily zone.
